Lao People’s Democratic Republic: Selected Issues and Statistical Appendix
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Summary:
This Selected Issues paper examines the main causes for the surge in dollarization in the Lao People’s Democratic Republic (Lao PDR). It explores various strategies that may be adopted to maintain low inflation and thus, indirectly, encourage the use of the national currency. The paper highlights that foreign currencies now account for the largest component of the domestic money supply. This situation, although encouraging in a country with poorly developed financial institutions, poses several challenges for the authorities.
Series:
Country Report No. 2002/061
Subject:
Credit Currencies Dollarization Imports International trade Monetary policy Money Tariffs Taxes
English
Publication Date:
March 18, 2002
ISBN/ISSN:
9781451822434/1934-7685
Stock No:
1LAOEA0012002
Pages:
58
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